Voya Investment Management LLC Lowers Position in Bank of Hawaii Co. (NYSE:BOH)

Voya Investment Management LLC trimmed its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,647 shares of the bank’s stock after selling 808 shares during the period. Voya Investment Management LLC’s holdings in Bank of Hawaii were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after buying an additional 44,599 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Bank of Hawaii by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank’s stock valued at $5,435,000 after purchasing an additional 10,390 shares in the last quarter. Cadinha & Co. LLC raised its holdings in Bank of Hawaii by 12.2% in the 4th quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock worth $277,000 after purchasing an additional 423 shares during the period. KBC Group NV boosted its position in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after purchasing an additional 812 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in Bank of Hawaii by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after purchasing an additional 154 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total transaction of $109,279.80. Following the transaction, the insider now owns 6,442 shares in the company, valued at approximately $426,138.30. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BOH. Barclays upped their target price on Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 22nd. DA Davidson increased their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Piper Sandler boosted their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Bank of Hawaii currently has an average rating of “Hold” and an average target price of $73.17.

Bank of Hawaii Trading Down 1.4 %

Shares of BOH stock opened at $66.85 on Thursday. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s fifty day moving average is $66.54 and its two-hundred day moving average is $70.97. The firm has a market capitalization of $2.66 billion, a P/E ratio of 19.32 and a beta of 0.76.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $169.87 million for the quarter, compared to the consensus estimate of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same period last year, the firm posted $0.87 earnings per share. Research analysts expect that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

Bank of Hawaii Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.